Following is a list of debt and credit upgrades and downgrades for wireless companies by financial and investment firms this week.Merrill Lynch upgraded its rating on Freescale Semiconductor from neutral to buy, saying the company is improving its margins even though revenue growth is...
Siemens AG announced it will spin out its ailing mobile-phone operation as a "separate legal unit" and said it will probably not keep a majority stake in the business. The news comes as Siemens posted a 35-percent drop in its second-quarter net profit, partially...
The following wireless companies had debt ratings changes by financial services firms this week.Standard & Poor's Ratings Services placed its ratings on four wireless tower companies on CreditWatch with positive implications. The companies are SpectraSite Inc., Crown Castle International Corp., AAT Communications Corp. and...
SANTA CLARA, Calif.-Nortel Networks Ltd. unveiled several enhancements to its Office Anywhere product, adding instant messaging and e-mail capabilities and expanding accessibility to internal business applications for mobile workers.The technology company teamed with Research in Motion Ltd. to launch new versions of its Multimedia...
Wall Street has generally had a harsh view of Lucent Technologies Inc. The company's stock is trading near its 52-week low of $2.49 per share, and most analysts rate it as a neutral or hold. However, some see Lucent as a shining light among...
Last year marked somewhat of a turnaround for the worldwide wireless industry-carrier capex spending increased by 18 percent in 2004 compared with 2003 levels after several years of declines, according to UBS. The same was true in North America, where capital expenditures increased 7...
TORONTO-Nortel Networks Corp. said it expects to file 2004 audited financial statements for itself and its subsidiary, Nortel Networks Ltd., by the end of this month.The company is required by the Ontario Securities Commission to provide bi-weekly status updates on its affairs until it...
PORT-AU-PRINCE, Haiti-Nortel reported that Haiti Telecommunications International S.A., a wireless voice and Internet service provider in Haiti, is expanding and enhancing its CDMA network with Nortel infrastructure equipment. The network is expected to increase capacity and extend the operator's coverage area.The value of the...
SpectraSite Inc. filed a statement with the Securities and Exchange Commission to offer 250,000 shares of its common stock to adjust to a market price obligation. This will fulfill a stock buyback agreement with Goldman, Sachs & Co., and the market price adjustment is...
VIENNA, Austria-Mobilkom Austria, the largest Austrian wireless carrier, demonstrated High Speed Downlink Packet Access technology from Nortel Networks Ltd. At a retail store in Vienna, the HSDPA technology supported applications such as FTP downloading, real-time television broadcasts from Austria's GoTV and live Web cams,...
PARAMARIBO, Suriname-Telesur, a service provider in Suriname, has selected Nortel Networks Ltd. to expand and upgrade its nationwide wireline and wireless networks to increase capacity, improve quality of service and enable delivery of advanced services.The value of the deal was not disclosed.Under terms of...
BELLEVUE, Wash.-3G Americas elected Andrew Corp. to its board of governors.The company said it will be represented on the board by JC Huang and Ray Butler.Other board of governors members are Cingular Wireless, Cable & Wireless (West Indies), Ericsson, Gemplus, Hewlett-Packard Co., Lucent Technologies...
VIENNA, Austria-Mobilkom Austria, the largest Austrian wireless carrier, demonstrated High Speed Downlink Packet Access technology from Nortel Networks Ltd.At a retail store in Vienna, the HSDPA technology supported applications such as FTP downloading, real-time television broadcasts from Austria's GoTV and live Web cams, Nortel...
Taking advantage of new technologies, peer-to-peer companies, otherwise known as dotcoms, are porting services to wireless subscribers without operator consent. Through handsets, personal digital assistants, laptops and other mobile devices, end users can enjoy services such as music downloads and file sharing, video on...
TORONTO-Nortel Networks Ltd. said it has appointed Gary Kunis as its chief technology officer. He will replace Brian McFadden, who will become the chief research officer effective April 4.Kunis was the chief science officer at Cisco Systems Inc. until 2002. He will report to...
SAN ANTONIO-SBC Communications Inc. said it has signed a deal with the University of Arkansas to provide a wireless mesh network using Nortel Networks Ltd.'s solution.With this network, students and faculty will receive secure wireless broadband access to educational and Internet resources anywhere on...
SANTA CLARA, Calif.-Nortel Networks Ltd. unveiled what it describes as a comprehensive vision for enterprise mobility focusing on wireless local area networks. The company said its vision will work in concert with Trapeze Networks technology.Nortel's new WLAN 23000 Series will be the solutions for...
NEW ORLEANS-Both Nortel Networks Ltd. and Motorola Inc. made infrastructure announcements at the CTIA Wireless 2005 show in New Orleans meant to increase Verizon Wireless' wireless-data capabilities. Nortel will begin live trials with Verizon Wireless next year on CDMA2000 1x EV-DO Revision A technology,...
Alcatel Althsom may not be the first names in the CDMA business, but the French vendor aims for a robust market share in the space. Barely a month after inking a major cooperation deal with Chinese vendor ZTE Corp., Alcatel has been presenting what...
ATLANTA-As predicted by close industry watchers, the IEEE meeting here did not come up with a definitive tally for the 802.11n standard, but it was able to determine a preliminary winner-the TGN Sync. It garnered 56 percent of the vote as against rival Worldwide...
BEIJING-China's Ministry of Railways has selected Nortel Networks Ltd. to provide a digital wireless communications network for the world's highest altitude rail service-the Qinghai-Tibet Railway. The value of the deal was not disclosed. Nortel said this will be the first commercial use of GSM...
As predicted by close industry watchers, the IEEE meeting here did not come up with a definitive tally for the 802.11n standard, but it was able to determine a preliminary winner-the TGN Sync consortium.TGN Sync garnered 56 percent of the vote as against the...
BEIJING-China's Ministry of Railways has selected Nortel Networks Ltd. to provide a digital wireless communications network for the world's highest altitude rail service-the Qinghai-Tibet Railway. The value of the deal was not disclosed.Nortel said this will be the first commercial use of GSM for...
NEW ORLEANS-The rising status of two Chinese vendors, U.S.-based UTStarcom Inc. and a few other players like IPWireless may raise the specter for consolidation, said Nortel Networks Ltd. chief Bill Owens during a keynote address at the CTIA Wireless 2005 trade show. He made...
